BOSTON: A company called Dynatrace, which helps businesses monitor their computer systems, says it is buying another company named Bindplane.
The deal is meant to help companies deal with a modern problem: too much data.
As more businesses use cloud computing and artificial intelligence (AI), their computer systems produce a huge amount of signals. These signals, called “telemetry,” tell tech teams what is happening inside their apps and websites. But there is so much data that it can be overwhelming and expensive to manage.
Bindplane makes a “data pipeline” that acts like a smart traffic cop. It captures the data, removes useless information, hides sensitive details, and sends only the useful data to the right place. This helps companies save money, follow privacy rules, and improve data quality.
“Data volumes are surging,” said Steve Tack, a top product officer at Dynatrace. “Customers need a simple, open way to manage their data.”
Dynatrace says buying Bindplane will help its customers send data to any destination they want, not just Dynatrace’s own system. It will also help companies move away from old monitoring tools to newer, cloud-based systems.
“Telemetry has become one of companies’ most valuable—and most challenging—assets,” said Michael Kelly, CEO of Bindplane. “We’re excited to join Dynatrace to help more teams turn their data into a real advantage.”
The deal is expected to be completed later this month. Dynatrace says it will not have a major effect on its financial results for the next two years.